Save Money on Taxes - Handelman Insurance Advisors, Inc.

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Save Money on Taxes!

Employee contributions towards insurance premiums, deductibles, coinsurance, dependent care & unreimbursed medical expenses etc. can be paid with PRE-TAX income!

  • Section 125 POP (Premium Only Plans) allow employees to pay their share of insurance premiums with pre-tax income, which reduces their net-cost & may save your company on payroll taxes.

  • HSA (Health Savings Accounts) allow individuals or employees to purchase a low-cost, high-deductible health plan, and set up a separate tax-deductible HSA account, which can be used to fund deductibles, coinsurance or other medical expenses with pre-tax income.

  • FSA (Flexible Spending Accounts) offers employees a smart, simple way to set aside money tax-free to cover the everyday expenses they expect to have in the coming year. They can use it to pay for eligible non-covered medical or dental expenses, childcare, and even dependent adult care costs.

Please contact us with any questions on these approaches...

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3555 W. Peterson Avenue, Suite 212, Chicago, IL 60659
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